AECOM (NYSE:ACM) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AECOM (NYSE:ACM) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,948 shares of the construction company’s stock after buying an additional 1,333 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of AECOM worth $7,637,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Private Trust Co. NA acquired a new stake in shares of AECOM during the third quarter valued at $30,000. Family Firm Inc. acquired a new stake in shares of AECOM during the 2nd quarter worth about $31,000. UMB Bank n.a. grew its holdings in shares of AECOM by 196.2% during the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after buying an additional 257 shares in the last quarter. Versant Capital Management Inc raised its position in shares of AECOM by 4,375.0% in the second quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock valued at $47,000 after buying an additional 525 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new position in shares of AECOM during the third quarter valued at approximately $50,000. 85.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total value of $4,890,416.00. Following the completion of the sale, the chief financial officer now owns 31,228 shares of the company’s stock, valued at $3,601,837.52. This trade represents a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on ACM shares. The Goldman Sachs Group initiated coverage on shares of AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 target price for the company. Robert W. Baird upped their target price on AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Barclays raised their price target on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Citigroup upped their price objective on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada raised their target price on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM presently has an average rating of “Buy” and an average target price of $119.38.

AECOM Trading Up 0.2 %

NYSE ACM opened at $116.97 on Monday. The firm has a market capitalization of $15.49 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 1.99 and a beta of 1.17. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a one year low of $82.23 and a one year high of $118.56. The company’s 50 day moving average price is $107.91 and its 200 day moving average price is $97.12.

AECOM (NYSE:ACM) last issued its earnings results on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm posted $1.01 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, sell-side analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM announced that its board has authorized a share buyback plan on Monday, November 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.89%. This is a positive change from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio (DPR) is 29.73%.

About AECOM

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.